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Trading Made Simple

  • #62,441
  • Nov 3, 2015 9:44am Nov 3, 2015 9:44am
Quoting secondpath
pls reply this!!! {image}
hi secondpath, please check this post from emmanuel about WRB, I've made the same question than yours, but using MC(3), but the answer is pretty the same at my understanding
  • #62,442
  • Nov 3, 2015 11:12am Nov 3, 2015 11:12am
Quoting secondpath
pls reply this!!! {image}
To be honest, I do not see what blue candle are you referring to as being a WRB. Do you see those two big red candles to the left? The first one has quite some size, doesn't it? Well, that's WRB, my friend. It must have a wider range than the average.

You say something about the following candles having lower lows. You need to see a WRB and then you move onto a LTF and look for entries according to TMS, entries done within the range of that WRB, or the second type of entry (I do not know if Big Emm uses this type of entry, so try everything on demo first), which is the breakout of the range, also done according to the TMS rules.

So when you see that lower low on the TF where you spotted the WRB, you should have been on LTF and looking for breakouts of the range. So, why are you still on the TF where you spotted the WRB?

I hope that helps.
  • #62,443
  • Nov 3, 2015 11:15am Nov 3, 2015 11:15am
Quoting stefan17
{quote} Dont beat yourself up on missed opportunities I use to do that allot, it really messes with your head, I eventually stopped and trade much better not thinking about missed opportunities, theres always another bus on its way
But I had tickets to travel by those 2 buses. LOL!

Yeah, you are right, opportunities come and go, so these won't be the first ones I miss, I am sure of it.
  • #62,444
  • Nov 3, 2015 11:24am Nov 3, 2015 11:24am
I closed my EU trade, 40+ pips, because I see consolidation. Probably a flag and the breakout to the downside, or a retracement to the upside into the resistance, then move down again.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 29 KB

I also took a risky trade today, which I shouldn't have, although it played out well. I took a EG trade on H1, because I knew euro was weak, but my mistake was that unlike EU trade, here I was selling into powerful support, which is the last month's low, the brown line. I gained 40+ pips here too.
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 30 KB

EDIT: 30 pips on EG, not 40+.
  • #62,445
  • Nov 3, 2015 11:29am Nov 3, 2015 11:29am
Quoting stefan17
My 2 Trades for the day, 1 win, 1 Loss Total of 26 Pips {image} {image}
Nicely done on those pips!
  • #62,446
  • Nov 3, 2015 11:33am Nov 3, 2015 11:33am
Quoting FireFries
Doing baby step with my first post of a 40pips TP entry with green bounce off red {image}
  • #62,447
  • Nov 3, 2015 3:35pm Nov 3, 2015 3:35pm
Quoting emmanuel7788
{quote} Gold doing well with its move down. We saw it broke below the 1134 historical support level and now it will face the lower channel line. We shall see how it reacts at this lower channel line. Many traders believe that there won't be a second bounce off this line. After that targets 1116 and 1112 will be in sight. {image}
Target 1116 reached.
There was no 2nd bounce off the rising lower channel line. Now we will have to see how the market will trade around 1116 and 1112,
It's a long way down to 1081 and we must not be greedy selling now. Look at 1105 as next potential target but must listen to market sentiments as we approach year end.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 45 4 Nov.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,448
  • Nov 3, 2015 3:37pm Nov 3, 2015 3:37pm
Quoting catalin_eros
I closed my EU trade, 40+ pips, because I see consolidation. Probably a flag and the breakout to the downside, or a retracement to the upside into the resistance, then move down again. {image} I also took a risky trade today, which I shouldn't have, although it played out well. I took a EG trade on H1, because I knew euro was weak, but my mistake was that unlike EU trade, here I was selling into powerful support, which is the last month's low, the brown line. I gained 40+ pips here too. {image} EDIT: 30 pips on EG, not 40+.
Very good trades!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,449
  • Nov 3, 2015 3:44pm Nov 3, 2015 3:44pm
Quoting FireFries
Doing baby step with my first post of a 40pips TP entry with green bounce off red {image}

Very good trade and well taken with use of the PAC.
That is well done starting in baby steps... soon you will walk and run.

Folks, use the PAC "follow the yellow brick road" with some patience, you will make it.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,450
  • Nov 3, 2015 3:49pm Nov 3, 2015 3:49pm
Quoting trade786
hi all can anyone post the updated tdi indicator that people are using and any other updates as I think I installed the basic tdi from the first post but seems everyone has advanced there indicators also is synergy bars just heiken ashi Thankyou all
The only two indicators which we use and the most recent versions are:-
the Synergy_Pro_APB which has the Price Action Channel build-in
the Synergy_Pro_TDI, an updated version which work in realtime market
these are found in the package Synergy_Pro zip : Post#50,241
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,451
  • Nov 3, 2015 3:50pm Nov 3, 2015 3:50pm
Potential for SYD_2H trades in about 10mins for pairs AU, AJ an EJ.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,452
  • Edited 4:25pm Nov 3, 2015 4:09pm | Edited 4:25pm
Hi Big Emm

Do you consider news impact for For SYD_2H trade?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 7 KB


Mind to share you broker server time?

Rgds
  • #62,453
  • Nov 3, 2015 4:45pm Nov 3, 2015 4:45pm
Quoting jay280584
Hi Big Emm Do you consider news impact for For SYD_2H trade? {image} Mind to share you broker server time? Rgds

Yes, always be careful when certain news/data release when we trade intraday. Best to be safe and stay sway.

My broker is GMT+2 after DST change, that is when Sydney market open.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,454
  • Nov 3, 2015 5:19pm Nov 3, 2015 5:19pm
Quoting tibovwh
{quote} Hi emmanuel, I was wondering if you could talk a bit or point me in the direction of some posts that talk about 'averaging up'. I've read a lot about averaging down with ME/ME. But what do you do when you enter 0.2% or 0.4% because the retracement was very shallow and the trade moves in your favor quickly. Do you ever consider averaging up? How do you go about this? Best,

Hi,

Not sure if you have read these posts and the attached pdfs.
If you have not, please read these and you will get the MM concept idea when I explain later.
Money Management
Big E on using multiple entries in the CHS thread
Post#2622 , Post#2629 , Post#2771 and Post#2912
Money Management Strategy for TMS: Post#48,008
Entry and Exits ... Post#19,617
How to Build a Position: Post#19,588
Multiple Entries / Multiple Exits for Day chart trading: Post#58,726

I have a few of D1 trades running now and will use these to explain over the next few trading days as the trades progress.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,455
  • Nov 3, 2015 5:25pm Nov 3, 2015 5:25pm
Anyone have suggestions on pairs for today?
  • #62,456
  • Nov 3, 2015 5:26pm Nov 3, 2015 5:26pm
Quoting mkfx
{quote} Hi Emmanuel, I can see you took only long trades GN. Was this because day chart direction or any other reason? Thanks

Hi,

I always do my Big Picture Plan for every currency pair I trade. I follow these pairs for very long time and every month I update my Big Picture Plan.
On D1 chart, there is that big candle which set the range of the market for many days. We do not trade the D1 chart TMS setups when market is sideways in a range.
But following the D1 chart, I see the recent days PA was above its 10-day EMA. This is when I decide to buy in the lower timeframe when the D1 is above its 10-day EMA.

Yesterday's GBPNZD trades closed +36pips , +100pips on H1 chart trading.

Today we trade the D1 chart with ME/ME as the D1 broke above that previous D1 WRB High and PA is trending above the 10-day EMA.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD 3Nov H1 trades closed.png Size: 44 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,457
  • Nov 3, 2015 5:30pm Nov 3, 2015 5:30pm
Quoting Dridzz
Anyone have suggestions on pairs for today?

my suggestion is look at D1 chart and where the 10EMA is.

if D1 closed above the 10EMA, take buy trades only in H1.

if D1 closed ebelow its 10EMA, take sell trades only in H1.

always observe the day Open, 50 and 200EMA. Trade away from the Day Open and away from the 200EMA. If a H1 candle closed with all 3 EMAs within its high-low, you better look closely at the price action before you trade the H1 setups.

this is simple enough?

Use the APB and TDI for your trade setups and confirmation.

Post your charts and I will comment to help you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,458
  • Nov 3, 2015 5:33pm Nov 3, 2015 5:33pm
First trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-fxpro-financial-services-2.png Size: 31 KB
  • #62,459
  • Nov 3, 2015 6:22pm Nov 3, 2015 6:22pm
Quoting emmanuel7788
{quote} Hi, I always do my Big Picture Plan for every currency pair I trade. I follow these pairs for very long time and every month I update my Big Picture Plan. On D1 chart, there is that big candle which set the range of the market for many days. We do not trade the D1 chart TMS setups when market is sideways in a range. But following the D1 chart, I see the recent days PA was above its 10-day EMA. This is when I decide to buy in the lower timeframe when the D1 is above its 10-day EMA. Yesterday's GBPNZD trades closed +36pips , +100pips on H1...

Thanks Emmanuel.
  • #62,460
  • Nov 3, 2015 6:26pm Nov 3, 2015 6:26pm
Quoting emmanuel7788
{quote} Target 1116 reached. There was no 2nd bounce off the rising lower channel line. Now we will have to see how the market will trade around 1116 and 1112, It's a long way down to 1081 and we must not be greedy selling now. Look at 1105 as next potential target but must listen to market sentiments as we approach year end. {image}
agree. 1105 for bounce and probably a big one too. Eventually, sub-300 for end to the gold bear.

thanks to you for all the stuff you compiled on TMS and made available to people here. Perhaps as time allows, I can contribute as well since I have used the same simple TDI for many years without ever adding to the forum. The one thing that I use to confirm TDI signals after entering the trade on 4H or 2H or 1H, is the aroon indicator overlaid on TDI (look back is 8) using the 2sma of TDI for data.

All I want is a cross that holds through the bar when it begins to cross. I prefer that the cross occurs on the second bar. It helps avoid getting a position hammered by bronco bars. bronco bars are those nasty bars with long tails that are disturbing 2 or 3 bars into a swing, maybe 4 bars. It is just what I call them and they happen everything I've seen especially fx and index futures etc.

try it out, test it. I have it on everything but I use very light colors or turn off the color when trend is defined and moving, then bring color back when looking to add to the position or to exit.

I'm not a big fan of MT4 but there may be an aroon indicator available. I'll try to load a chart to show how it looks on my charts.


Attached Image (click to enlarge)
Click to Enlarge Name: EU H4 TDI with aroon.png Size: 33 KB
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